Which of the following is not included in the U.S. GDP?,The U.S. military opens a new base in a foreign country with 1000 U.S. personnel.,Japanese consumers buy thousands of CDs produced in the United States.,An American pop singer performs a sold-out concert in Paris.,A French theatrical production tours dozens of American cities.,C
The short-run Phillips curve indicates a,direct relation between unemployment and inflation,direct relation between price and quantity demanded,inverse relation between price and quantity demanded,inverse relation between unemployment and inflation,D
A federal deficit occurs when,exports exceed imports.,imports exceed exports.,federal tax collections exceed spending.,federal spending exceeds federal tax revenues.,D
Holding all else equal which of the following monetary policies would be used to boost U.S. exports?,Increasing the discount rate,Increasing the reserve ratio,Buying government securities,Lowering tariffs,C
Which of the following policies best describes supply-side fiscal policy?,An increase in the money supply,Increased government spending,Lower taxes on research and development of new technology,Higher taxes on household income,C
